I own a freehold house in Castleton and Blacktown yet charged rent, why is this and what is this?
It is rare for properties in Castleton and Blacktown and has limited impact for conveyancing in Castleton and Blacktown but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
Are there restrictive covenants that are commonly identified as part of conveyancing in Castleton and Blacktown?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Castleton and Blacktown. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I've recently found out that there is a flying freehold element on a house I have offered on last month in what should have been a straight forward, chain free conveyancing. Castleton and Blacktown is the location of the property. Can you shed any light on this issue?
Flying freeholds in Castleton and Blacktown are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Castleton and Blacktown you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Castleton and Blacktown may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
How easy is it to swap solicitor as I need to find one who is on the TSB conveyancing list. I had appointed a local conveyancing solicitor in Castleton and Blacktown five minutes from me but he is not approved by TSB
It would be our pleasure to assist you select a conveyancing solicitor in Castleton and Blacktown on the TSB panel. Please note that the conveyancers that we work with do not pay us fee if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Castleton and Blacktown. In making use of the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Castleton and Blacktown.
In my capacity as executor for the estate of my grandmother I am selling a house in Swansea but live in Castleton and Blacktown. My lawyer (approximately 260 miles from merequires that I sign a stat dec before the transaction finalising. Can you recommend a conveyancing practitioner in Castleton and Blacktown to attest this legal document for me?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are Castleton and Blacktown based
I've recently bought a leasehold flat in Castleton and Blacktown. Do I have any liability for service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I inherited a 1st floor flat in Castleton and Blacktown, conveyancing formalities finalised in 2011. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Castleton and Blacktown with an extended lease are worth £197,000. The ground rent is £55 yearly. The lease terminates on 21st October 2080
With only 56 years unexpired the likely cost is going to span between £29,500 and £34,000 as well as professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.